The lending company after that apartments the show from ownership on the consumer
Istisna ic contracts including Ijarah (lease) and you will Musharakah Mutanaqisah (Diminishing Relationship). The shared usage of these deals allows banking companies and builders to help you mobilise loans and you may mitigate dangers. Instance, the brand new expansion out-of Madinah Airport in Saudi Arabia utilised Istisna and Ijarah for as long name funding preparations (World Lender, 2017). Basic, the project company import certain legal rights so you can financiers (lenders) significantly less than a good procurement arrangement (Istisna) additionally the fee are disbursed centered on an agreed plan. The lenders supply concession preparations (Ijarah) to your enterprise company and you may discover book renting because the income.Read more
